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Following Tesla's good news, Fox conveniently forgets government loan

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  • Following Tesla's good news, Fox conveniently forgets government loan



    <iframe width="560" height="315" src="http://www.youtube.com/embed/WcHkIWkecY8" frameborder="0" allowfullscreen></iframe>

  • #2
    Tesla's stock has doubled this year but they are a new company that has not turned a profit and owes a ton of money. It would be great to have a successful US company in almost 50 years but the production numbers, while they seem to be up, are still a very small number compared to gas guzzling cars.

    I also noticed other companies that have gone belly up in the video. Would you consider forgetting about those disasters that left the only people with more money coming out were Obama's buddies? As a taxpayer, I know I am one of millions to get screwed.

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    • #3
      Originally posted by broncocalijohn View Post
      Tesla's stock has doubled this year but they are a new company that has not turned a profit and owes a ton of money. It would be great to have a successful US company in almost 50 years but the production numbers, while they seem to be up, are still a very small number compared to gas guzzling cars.
      Tesla is profitable

      http://www.reuters.com/article/2013/...94716E20130508

      And has paid off its government loans in full

      http://www.usatoday.com/story/money/...tment/2351945/

      Originally posted by broncocalijohn
      I also noticed other companies that have gone belly up in the video. Would you consider forgetting about those disasters that left the only people with more money coming out were Obama's buddies? As a taxpayer, I know I am one of millions to get screwed.
      We're reaping the benefits, not "getting screwed."

      “More than 90 percent of loan loss reserve Congress established remains intact, while losses to date represent about 2 percent of the overall $34 billion portfolio. The other 98 percent of the portfolio includes 19 new clean energy power plants that are adding enough solar, wind and geothermal capacity to power a million homes and displace 7 million metric tons of carbon dioxide every year – roughly equal to taking a million cars off the road.
      http://environmental-expert.com/news...rtfolio-374792
      Last edited by Fear the Hawk; 05-29-2013, 11:40 PM.

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      • #4
        19 power plants for 1 million homes. What is the cost of them per killowat. If its not competitive with fossil fuels then its a waste of money.

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        • #5
          No one is arguing that you can't build power plants and get them working. Solar, wind ones etc. The argument is the price per killowatt is not feasible or sustainable. Once the subsidies stop they will close.

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          • #6
            Originally posted by cutthemdown View Post
            No one is arguing that you can't build power plants and get them working. Solar, wind ones etc. The argument is the price per killowatt is not feasible or sustainable. Once the subsidies stop they will close.
            Uh huh. Back up your position with evidence or admit that you're making stuff up.

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            • #7
              Originally posted by The Lone Bolt View Post
              Uh huh. Back up your position with evidence or admit that you're making stuff up.
              I posed that as a question. The person is making claims these power plants are such a great investment. But they didn't show any numbers. How is that me needing to back up anything? That is me asking what the numbers are before you go saying what a success it is.

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              • #8
                http://en.wikipedia.org/wiki/Cost_of...city_by_source


                There you go spells out how natural gas with co2 capture would still be way cheaper then solar or wind.

                Solar and wind without govt subsidies on killowatts produced would not even be a viable business. Govt is giving them money to produce energy and its not sustainable.

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                • #9
                  OP just proves that the only reason Fox exists is to spew RW propaganda.

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                  • #10
                    Originally posted by The Lone Bolt View Post

                    Quote:
                    “More than 90 percent of loan loss reserve Congress established remains intact, while losses to date represent about 2 percent of the overall $34 billion portfolio. The other 98 percent of the portfolio includes 19 new clean energy power plants that are adding enough solar, wind and geothermal capacity to power a million homes and displace 7 million metric tons of carbon dioxide every year – roughly equal to taking a million cars off the road.



                    Seems many of the companies given loans had no money issues to begin with like Nissan and Goldman Sachs.
                    http://mercatus.org/expert_commentar...-loan-business

                    Those "start ups" given loans also happen to be buddies of the Obama administration and also give millions to the DNP.


                    "Nevertheless, a large proportion of the winners were companies with Obama-campaign connections. Indeed, at least 10 members of Obama’s finance committee and more than a dozen of his campaign bundlers were big winners in getting your money. At the same time, several politicians who supported Obama managed to strike gold by launching alternative-energy companies and obtaining grants. How much did they get? According to the Department of Energy’s own numbers ... a lot. In the 1705 government-backed-loan program, for example, $16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama financial backers—individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party. The grant and guaranteed-loan recipients were early backers of Obama before he ran for president, people who continued to give to his campaigns and exclusively to the Democratic Party in the years leading up to 2008."

                    http://www.thedailybeast.com/newswee...een-graft.html
                    Last edited by broncocalijohn; 05-30-2013, 09:37 AM.

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                    • #11
                      Why are conservatives so afraid of non-dino powered tech? So afraid they are willing to remain willfully ignorant and/or simply lie about things.

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                      • #12
                        Originally posted by Fedaykin View Post
                        Why are conservatives so afraid of non-dino powered tech? So afraid they are willing to remain willfully ignorant and/or simply lie about things.
                        I will ask our former VP about this when he gets back from his jet setting flights across the US.

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                        • #13
                          the righties never like good news. ever. Unemployment down? Bad numbers.economy growing? won't last.obama visiting disaster areas? photo op.

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                          • #14
                            Originally posted by Fedaykin View Post
                            Why are conservatives so afraid of non-dino powered tech? So afraid they are willing to remain willfully ignorant and/or simply lie about things.
                            Because Saudi-owned Faux News told them that EVs are bad. Imagine that.

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                            • #15
                              Originally posted by The Lone Bolt View Post
                              Because Saudi-owned Faux News told them that EVs are bad. Imagine that.
                              Nobody said they're bad. They just don't fundamentally solve any real problems. They have advantages in limited scenarios, and in other scenarios they have severe limitations which render them nearly useless.

                              Nobody's rooting against Tesla. There's just nothing about what they're doing that's world changing.

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